The dynamic between capital and labor has shifted dramatically since Wilson's era, with unions now significantly weakened and industry power heavily tilted in favor of employers.
Starmer is navigating the current political landscape by working to forge reasonable agreements with unions, seeking to stabilize the economy amid austerity and strikes.
Despite historical concerns about union influence, recent evidence indicates that the power imbalance has damaged living standards, with wage growth stunted.
Labour's past struggles with unions during the 1960s and 70s echo today, but the stronger grip of capital today poses new challenges for equitable wage growth.
Collection
[
|
...
]